I just need help on preparing a journal entry for #3 question

Selected accounts included in the property, plant, and equipment section of

Flipper Corporation's balance sheet at December 31, 2014, had the following

balances:

Land $ 400,000

Land improvements 130,000

Buildings 2,000,000

Machinery and

equipment

800,000

During 2015, the following transactions occurred:

a. On January 31 a tract of land was acquired for $220,000 as a potential

future building site from Flopper Corp.

b. On March 1 a plant facility consisting of land and building was

acquired from Flimsy Company in exchange for 20,000 shares of

Flipper's common stock. On the acquisition date, Flipper's stock had a

closing market price of $45 per share on a national stock exchange.

The plant facility was carried on Flimsy's books at $178,000 for land

and $520,000 for the building at the exchange date. Current appraised

values for the land and the building, respectively, are $200,000 and

$800,000. The building has an expected life of forty years with a

$20,000 salvage value.

c. One June 1 machinery and equipment were purchased from

Guess Who Equipment at a total cost of $400,000. Additional

costs were incurred as follows: freight and unloading,

$13,000; installation, $26,000. The equipment has a useful

life of ten years with no salvage value.

d. On August 1 expenditures totaling $ 120,000 were made for

new parking lots, street, and sidewalks at the corporation's

various plant locations. These expenditures had an estimated

useful life of fifteen years.

e. On September 1 research and development costs of

$110,000 were paid for the year.

Flipper uses the double-declining balance method of depreciation for all

office equipment, fixtures and machinery. Additionally, Flipper uses the straightline

method of depreciation for all other fixed assets that require depreciation or

amortization.

Required:

Provide the capitalized cost & depreciation or amortization for each asset

acquired during 2015. Prepare the General Journal entries for any

amortization and depreciation expense recorded for each of the acquired